Central Bank Watch
Fifty-Basis Point Israeli Central Bank Rate Hike Exceeds Street Estimates
February 20, 2023
At 4.25%, the new Bank of Israel policy rate level is the highest in 172 month, and the latest Israeli CPI inflation rate (5.4%) is at its highest level in 171 months. With today’s 50-basis point increase, the Bank of Israel joins the National Bank of Serbia as ones that have already implemented a pair […] More
Deeper Analysis
The Dollar Then and Now Highlights Why the Current Inflation Has Been Different from the Previous Bout
February 20, 2023
The dollar was a poorly bid currency during the high-inflationary period of the 1970’s. In the wake of World War Two, a new international monetary system based on fixed dollar parities and dollar-gold convertibility was established, and it performed well in the 1950’s and early 1960’s. Difficulties arose in the second half of the 1960’s […] More
New Overnight Developments Abroad - Daily Update
Biden in Show of Support Visits Kyiv on U.S. Presidents Day and Near One-Year Anniversary of Russian Invasion
February 20, 2023
Biden’s visit to Kyiv for talks with Zelensky was not pre-announced and comes amid indications of some western allies growing tired of the unresolved Russian-Ukraine war. U.S. and Canadian markets will be closed today for Presidents Day and Family Day, respectively. Such holidays typically sap world financial markets of a degree of leadership and direction. […] More
